Connor Teskey, President of Brookfield Asset Administration
Brookfield Asset Administration, one of many world’s largest various funding companies, is assured that its high-growth area comparable to India may triple and even quadruple in dimension over the following 5 years, its president Connor Teskey advised media this week.
Teskey’s optimism for his or her companies in India is backed not simply by the potential, alternatives and timing of their investments right here. The previous 12-18 months reveal regular growth for Brookfield India in a few of its key engines for development right here. Brookfield’s India enterprise, comprising of infrastructure, actual property, renewable energy, non-public fairness and Particular Investments, is of $30 billion dimension, which Teskey estimates to develop to $100 billion within the “close to time period”.
Over the previous 15 years, Brookfield in India has develop into a outstanding international investor, investing throughout sectors which embrace infrastructure ($12 billion), actual property ($12 billion), renewable energy and transition ($3 billion) and personal fairness and Brookfield particular investments ($3.6 billion).
Sectoral development
Within the infrastructure house, Brookfield knowledge exhibits that after the acquisition of American Tower’s operations in India in September 2024, Summit Digitel, Crest Digitel, and ATC India—mixed underneath Altius—is the second largest telecom towers platform on the planet. It presently consists of round 257,000 telecom towers unfold throughout India. Rival Indus has about 249,000 towers in India.
The expansion outlook for the telecom tower enterprise in India is beginning to enhance as telcos are beginning to pay their dues to telecom towers. Credit score rankings company ICRA, in Might, has revised its outlook for the telecom towers sector to ‘secure’ from ‘unfavourable’.
Brookfield India presently has restricted publicity to the transportation sector in India. Teskey, nevertheless, argued that it was only a “cut-off date” scenario. “We’d not take our present cut-off date lack of publicity to transportation in India as any reflection on our willingness to take a position. “
Within the renewables house, in March 2025, Brookfield introduced the sale of 1.6 gigawatt (GW) portfolio of photo voltaic and wind property in India to Gentari Renewables India, structured in two phases. The primary section, comprising the sale of 1 GW of working property, is full. This marks Brookfield’s first full cycle portfolio monetisation in India for its renewable energy enterprise.
Brookfield manages round 40 GW of wind and photo voltaic property in India.
In the true property enterprise, Brookfield is among the largest workplace house owners and operators in India with over 55 million sq. ft throughout high 9 workplace markets. Its institutionally-owned REIT, Brookfield India Actual Property Belief, for FY25, confirmed improved efficiency. The online working revenue for the Belief grew 37 % y-o-y to Rs 1,854 crore, in comparison with Rs 1,350 in FY24, led by rising demand from international functionality centres and improved gross leasing and occupancy throughout company workplaces.
Within the non-public fairness house, retail NBFC IndoStar—through which Brookfield is a co-promoter—focusses on secured, small-ticket merchandise (car finance for used business autos, and loans in opposition to property) catering to underbanked clients in tier-2 and tier-3 cities. IndoStar’s business autos AUM has been rising at 15 % CAGR for the previous 4 years to Rs 7,401 crore.
Nuclear energy curiosity
Teskey has additionally expressed confidence in exploring nuclear energy as a possible funding. “We’re believers of nuclear power. Nuclear is a call which every nation will make by itself… we recognise that these are discussions for every particular person nation to take a call on and may a rustic be supportive we’ll take a look at the chance,” he mentioned.
Brookfield owns a majority stake in a enterprise referred to as Westinghouse, the biggest supplier of technical items and companies and design to the nuclear energy era sector globally. It companies about half the nuclear reactors all over the world.
Whereas the India enterprise would proceed to develop, Teskey additionally expects Brookfield’s international portfolio of round $1 trillion to greater than double within the subsequent 5 years.
On returns on its companies in India, Teskey mentioned the true property flagship fund targets a 20 % return and their efficiency has exceeded that. The infrastructure fund targets a quantity in low teenagers and returns have exceeded that in these markets. “We’ve got seen very enticing greenback returns in India investments, relative to our international targets, for the danger profiles we focused in these asset courses,” he mentioned.
